D-beton: what changed
D-beton
Largest movements
- Stocks and contracts +€339,307
up €339,307 (+291%), from €116,722 to €456,029
of which Stocks: +€339,706
- Receivables within one year -€111,779
down €111,779 (-18.0%), from €620,311 to €508,532
of which Other amounts receivable: -€60,105
- Cash +€72,510
up €72,510 (+25.2%), from €288,165 to €360,674
mainly Trade debts (+€363,018) and Receivables within one year (+€111,779)
- Tangible fixed assets -€25,645
down €25,645 (-23.6%), from €108,735 to €83,091
- Trade debts +€363,018
up €363,018 (+46.4%), from €782,127 to €1.1m
- Profit (loss) carried forward -€102,565
down €102,565 (-68.7%), from -€149,362 to -€251,927
- Tax, wage and social debts +€16,287
up €16,287 (+38.4%), from €42,468 to €58,755
of which Remuneration and social security: +€13,959
- Gross operating margin +€138,559
up €138,559 (+94.4%), from €146,725 to €285,283
- Staff costs -€44,574
down €44,574 (-11.5%), from €388,690 to €344,116
- Taxes -€26,531
down €26,531 (-98.1%), from €27,033 to €502
- Depreciation -€7,518
down €7,518 (-17.8%), from €42,250 to €34,733
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,139,167 | €1,411,973 | +€272,805 | +23.9% |
| Fixed assets | 21/28 | €108,735 | €83,091 | -€25,645 | -23.6% |
| Tangible fixed assets | 22/27 | €108,735 | €83,091 | -€25,645 | -23.6% |
| Plant, machinery and equipment | 23 | €67,700 | €56,119 | -€11,581 | -17.1% |
| Furniture and vehicles | 24 | €36,661 | €26,972 | -€9,689 | -26.4% |
| Leasing and similar rights | 25 | €4,374 | €0 | -€4,374 | -100% |
| Current assets | 29/58 | €1,030,432 | €1,328,882 | +€298,450 | +29.0% |
| Stocks and contracts in progress | 3 | €116,722 | €456,029 | +€339,307 | +291% |
| Stocks | 30/36 | €52,261 | €391,967 | +€339,706 | +650% |
| Contracts in progress | 37 | €64,461 | €64,062 | -€399 | -0.6% |
| Amounts receivable within one year | 40/41 | €620,311 | €508,532 | -€111,779 | -18.0% |
| Trade receivables | 40 | €485,575 | €433,901 | -€51,674 | -10.6% |
| Other amounts receivable | 41 | €134,736 | €74,631 | -€60,105 | -44.6% |
| Cash at bank and in hand | 54/58 | €288,165 | €360,674 | +€72,510 | +25.2% |
| Deferred charges and accrued income | 490/1 | €5,235 | €3,647 | -€1,587 | -30.3% |
| Total equity and liabilities | 10/49 | €1,139,167 | €1,411,973 | +€272,805 | +23.9% |
| Equity | 10/15 | €305,638 | €203,073 | -€102,565 | -33.6% |
| Contributions | 10/11 | €455,000 | €455,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,362 | -€251,927 | -€102,565 | -68.7% |
| Amounts payable | 17/49 | €833,530 | €1,208,900 | +€375,370 | +45.0% |
| Amounts payable within one year | 42/48 | €833,530 | €1,203,900 | +€370,370 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €8,934 | €0 | -€8,934 | -100% |
| Trade debts | 44 | €782,127 | €1,145,145 | +€363,018 | +46.4% |
| Suppliers | 440/4 | €782,127 | €1,145,145 | +€363,018 | +46.4% |
| Taxes, remuneration and social security | 45 | €42,468 | €58,755 | +€16,287 | +38.4% |
| Taxes | 450/3 | €2,260 | €4,588 | +€2,328 | +103% |
| Remuneration and social security | 454/9 | €40,208 | €54,167 | +€13,959 | +34.7% |
| Accrued charges and deferred income | 492/3 | - | €5,000 | +€5,000 | |
| Non-recurring operating income | 76A | - | €962 | +€962 | |
| Remuneration, social security and pensions | 62 | €388,690 | €344,116 | -€44,574 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,250 | €34,733 | -€7,518 | -17.8% |
| Other operating charges | 640/8 | €10,326 | €7,957 | -€2,369 | -22.9% |
| Gross operating margin | 9900 | €146,725 | €285,283 | +€138,559 | +94.4% |
| Operating profit (loss) | 9901 | -€294,542 | -€101,522 | +€193,019 | +65.5% |
| Financial income | 75/76B | €995 | €67 | -€929 | -93.3% |
| Recurring financial income | 75 | €995 | €67 | -€929 | -93.3% |
| Financial charges | 65/66B | €305 | €607 | +€302 | +99.1% |
| Recurring financial charges | 65 | €305 | €607 | +€302 | +99.1% |
| Profit (loss) for the period before taxes | 9903 | -€293,852 | -€102,063 | +€191,789 | +65.3% |
| Income taxes | 67/77 | €27,033 | €502 | -€26,531 | -98.1% |
| Profit (loss) for the period | 9904 | -€320,884 | -€102,565 | +€218,319 | +68.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€320,884 | -€102,565 | +€218,319 | +68.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.